5% Discount on Essential Business Expenses... Launch of 'KakaoBank Individual Business Samsung Card'

5% Discount on Essential Business Expenses and Tax Support Services for Sole Proprietors

[Asia Economy Reporter Yu Je-hoon] Samsung Card announced on the 17th that it has launched the 'KakaoBank Individual Business Owner Samsung Card,' a card exclusively for individual business owners, in collaboration with KakaoBank. The KakaoBank Individual Business Owner Samsung Card is a KakaoBank-exclusive product available only through KakaoBank.

First, the KakaoBank Individual Business Owner Samsung Card offers a 5% discount in areas frequently used by business owners. Customers can receive a 5% discount up to a maximum of 30,000 KRW per month on ▲the four major social insurances ▲fuel ▲electricity bills ▲and large discount stores. Additionally, tax support services such as VAT refund convenience support and free electronic tax invoices are provided.

The KakaoBank Individual Business Owner Samsung Card also offers a 1.5% discount on business operating expenses without any previous month spending requirements or discount limits. Furthermore, discounts are available for payments in sectors such as ▲mobile communication ▲internet and wired communication ▲food material malls ▲rental ▲disinfection ▲and security.

Various benefits are also provided in everyday areas. Customers can receive a 1.5% discount on online simple payments, coffee shops, and overseas or overseas direct purchase payment amounts without any previous month spending conditions or limits. Additionally, a 1% discount is offered at domestic merchants without previous month spending conditions or limits.

The annual fee for this card is 15,000 KRW for both domestic-only and international (Mastercard) versions.

A Samsung Card representative stated, "Through exclusive partnership with KakaoBank individual business owner accounts, we expect to provide essential benefits such as the four major social insurances and various benefits for business operating expenses to business customers," adding, "We will continue to provide useful services to our customers going forward."